Type Credit Union Headquarters Ottawa, Canada Founded 1950 Total assets 243.9 million CAD (2016) | Industry Financial services Revenue 7.373 million CAD (2016) Net income 533,000 CAD (2016) | |
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Key people Joel Lalonde, President & CEO
Tanya Gracie, Chair of the Board of Directors
Melissa Mackenzie, Chief Financial Officer Products Checking Accounts
Savings Accounts
Insurance
Mortgages
Investment Bank
Asset-Based Lending
Consumer finance Website | ||
Your Credit Union (YourCU) is a credit union in Ontario, Canada mainly serving members across the Ottawa-Carleton, Cornwall, and rural Eastern Ontario regions. It is incorporated under the Credit Unions and Caisses Populaires Act, 1994, and is a member of the Deposit Insurance Corporation of Ontario and of Central 1 Credit Union.
Contents
YourCU has six branches: four in Ottawa and two in Cornwall. The Credit Union's headquarters are located at 14 Chamberlain Ave, Ottawa, Ontario.
Your Credit Union became an open bond financial institution in 2009, allowing anyone to become a member. As at September 30, 2016, there were 11,013 members of the Credit Union with over C$244 million in assets.
As a condition of membership, each member is required under the by-laws to maintain a minimum of one share of the Credit Union, at a value of $5 per share. Members under the age of 18 are not required to purchase membership shares. The shares are redeemable at their paid-up amount when the member withdraws from membership. All members are eligible for exercising their right to vote for a democratically elected Board of Directors at the annual general meeting.
History
Your Credit Union comprises five groups: the Education Group, the Municipal Group, the Ottawa Citizen Group, the United Counties Education Group, and the Howard Smith Group.